Li Jiacheng, with investment bitcoin platform, support BitPay
Founded in May 2011, BitPlay is a bitcoin payment business, similar to the PayPal, business across 200 countries around the world 1.4 companies, half of which are located in the United States, 25% in europe.
According to the “South China Morning Post” reported that Li Jiacheng has been through its Vc firm harbor investment (Horizons Ventures) BitPay bitcoin payment platform to increase investment, the total investment is not public, but the outside world that will reach billions of dollars.
Previously, BitPay has passed the A round of financing to raise $30 million, eight investors including Li Jiacheng harbor investment, the virgin Richard Branson?, YAHOO founder Yang Zhiyuan and PayPal founder Peter? “.
Inspired by investing a large amount of Li Jiacheng, BitPay co-founder and executive chairman Toni? Gary skin said in a statement: “bitcoin is a borderless and frictionless payment system, the acceptance of the business community, bitcoin is approaching the critical point.”
Gary skin said: “other existing payment technologies, such as credit cards, high fees, the risk of fraud and other issues, and bitcoin Internet era came into being, providing alternative low cost and low risk for the enterprise.”
Li Jiacheng’s investment seems to the confusion in the bitcoin investors direction.
The South China Morning Post quoted INVESCO Cci Capital Ltd (Invesco) chief economist Qilian (John Greenwood) said, in the bitcoin investment in the right choice is to bypass the virtual currency itself, like Li Jiacheng, investment to provide services for the bitcoin users of the company. “In the gold rush, the sale of the spade people earn more than gold from gold, Li Jiacheng is bitcoin investment brought about by the surrounding areas.”
In the last six months, bitcoin prices have lost 3/4, the price of each bitcoin is far less than the peak of $1242. The people’s Bank of Chinese had repeatedly issued a notice to strengthen the management of bitcoin. A U.S. government report released on Monday showed that if China continue to strengthen bitcoin restrictions, bitcoin prices will fall, its legitimacy will also be in jeopardy.
The harbor investment spokeswoman said: “we will not comment on rumors or any transaction.” Previously, the harbor investment to invest in technology start-ups in performance excellence and success stories include the social networking giant Facebook and voice service provider Skype. According to Bloomberg data, control of the harbor investment Li Jiacheng’s current net worth of $32 billion.